The Board of Governors of The Florida Bar gives notice of filing with the Supreme Court of Florida, on or about November 3, 2025, a petition to amend the Rule Regulating The Florida Bar. 5-1.1. A summary of the proposed amendments is printed below.

RULE 5-1.1 TRUST ACCOUNTS

Within subdivision (g)(5)(B), replaces the existing calculation of minimum interest rates on IOTA accounts with a requirement that eligible institutions must pay at a minimum the Wall Street Journal Prime Rate in effect on the first of the month minus 300 points (3.00%) with a floor of 0.25% and ceiling of 1.5% net of all fees and costs.  Within subdivision (g)(5)(C)(i), references the required interest rate.

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